WHO SHOULD WATCH
WHO SHOULD WATCH
Directors
Compliance Team
Senior Managers
COMPLEXITY
COMPLEXITY
Intermediate
Intermediate
16 minutes
16 minutes
Who is liable under the AML/CFT Act.
The penalties under the AML/CFT Act.
The level of enforcement action in New Zealand.
Rachael�s observations from the recent enforcement action that has been taken.
The regulatory obligations being focused on by regulators.
LEARNING OUTCOMES
What you need to know about enforcement action with Rachael Reed KC
58
minutes
What you need to know about enforcement action with Rachael Reed KC
In 2021, the Financial Action Task Force�assessed New Zealand�s AML/CFT framework and identified a lack of sufficient enforcement action by Sector Supervisors.�In this course, Rachael, a leading King�s Counsel, shares insights into who is liable under the AML/CFT Act, the penalties involved, and the current state of enforcement action in New Zealand.� Drawing on her observations from recent cases, she also discusses the regulatory obligations that are being focused on, providing practical guidance to help businesses navigate this complex compliance environment.
LEARNING OUTCOMES
Who is liable under the AML/CFT Act.
The penalties under the AML/CFT Act.
The level of enforcement action in New Zealand.
Rachael�s observations from the recent enforcement action that has been taken.
The regulatory obligations being focused on by regulators.